Nationwide

Defined Protection Annuity 2.0

D
Composite 49.5 / 100Range 46–63

Strong insurer credit (95) offset by weak net value (growth + guarantee) (41).

Best suited for: growth-seeking buyers who can tolerate buffer breaches.

Methodology v1.5.2 · May 23, 2026 · 2/2 segments verified · 

Contract terms

Flexibility & exit terms

Surrender period6 years
Surrender scheduleY1 7% · Y2 7% · Y3 6% · Y4 5% · Y5 4% · Y6 3%
Free withdrawal7% per year
Hardship waiversnursing-home, terminal-illness
Scoring segments (term · cap or par · buffer/floor · published weight)
1-year term · S&P 500 at 85% participation · 10% floor · 25% of premium3-year term · S&P 500 at 50% participation · 10% floor · 75% of premium
Allocation ruleTerm-weighted (longer terms get more)

Allocation choice & historical performance

Pick an allocation; chart updates. Balanced is the published rating.

Regime
GFC stress window (2008-2010) · Balanced allocation
$250,000 starting AV · S&P 500 monthly replay
2008-012008-062008-112009-042009-092010-022010-072010-12$180K$210K$240K$270K$300KStart $250K
Terminal AV
$280,516
After 3 years
Terminal multiple
1.12×
Of starting $250,000
Max drawdown
31.5%
Trough 2009-03
Fees paid (PV)
$7,945
M&E + rider fees
Fee drag (annualised)
1.1%
PV(fees) ÷ starting AV ÷ years
Single deterministic path. Annual cap/buffer crediting applied year-by-year; intra-year shape interpolated from actual monthly S&P 500 returns.

Standardized scoring scenario details ↗

PV(rider claims)$0
PV(all fees)$48,420.11
Terminal AV (p50)$723,010.31
Terminal AV (p95)$1,801,521.76
Value delivered (p50)$222,917.58
Advanced details (for advisors)

Each axis runs 0–100. The composite is a weighted average — Net Value 80%, SF / IC / BF 6.67% each (v1.5.2). Net Value itself blends expected growth (65%) with guarantee value (35%). See methodology v1.5.2 for the formulas behind each axis.

💰Net Value41 / 100
How much wealth this contract actually builds for you, after fees
Growth 56Guarantee 12
Net Value = 65% growth + 35% guarantee. Growth 56/100 — Value delivered $222,918 (terminal AV + income drawn). Cohort median $178,897 anchors 50; 3× median anchors 100. Guarantee 12/100 — PV(buffer+floor absorption) / PV(M&E+cap-drag) = 0.24x. Buffer PV $0; floor PV $37,804; cost-base PV $157,304. Closed-form lognormal (μ=7.00%, σ=18.00%, r=4.00%).
🔒Surrender Flexibility67 / 100
How easily you can get your money out
6-yr surrender schedule (max 7.0%); 7% free withdrawal; waivers: nursing-home, terminal-illness.
🏢Insurer Credit95 / 100
How likely the carrier is to pay claims 10–20 years out
AM Best A+; not PE-owned; Level 3 assets 14%.
⚖️Behavioral Fairness92 / 100
Track record of treating existing customers fairly
0 major / 0 minor cap-rate cuts in 5yr; NAIC complaints index 0.40; 0 regulatory fines in 5yr.

Reported for transparency — not part of the v1.5.2 composite (TCO weight = 0).

Total Cost of Ownership60 / 100
Annualised explicit fee (M&E + rider): 1.10%. Cohort best: 0.00%; cohort worst: 2.75%.
For the buyer

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